Some states are "recourse" and some are "non-recourse".

It is illegal for any agent in California to copy contracts from CAR and give blank contracts to non licensed people.

Or if you have made improvements to the property and can justify a higher appraised value, you may be able to refinance the 1-4 you just bought with the FHA loan into a Fannie / Freddie non-owner occupioed loan, and then go buy another 1-4 unit as owner occupied without having to wait the full 1 year.

I had to buy a lot of books going through college and they cost more in grad school, glad I didn't have to buy medical text books!

Being non licensed, you'll be violating laws by collecting a commission/referral fee for finding them a buyer.

Some folks in your shoes will put together a lease-option (if property is not much underwater) to get a non-refundable option fee from a tenant-buyer (around 3% of the option price), shift the first $x of each maintenance outlay to the tenant-buyer, and be rid of the ongoing PM expense.

Bridge loans, offered by private money, non-bank lenders is a viable alternative.

If the deal goes south a non paying partner loses just time while the investors lose cash.

However the loan officer has informed me that non of the rents can count towards my approval of the loan.

Some non-free non ones are"Rich Dad Poor Dad" by Robert Kiyosaki"My Life And 1000 Houses" by Mitch Steven"What Every Real Estate Investor Needs to Know About Cash Flow" by Frank Gallinelli